SICO has announced the appointment of Wissam Haddad as chief executive of its wholly-owned subsidiary, SICO Capital, based in Riyadh, Saudi Arabia.
The appointment, effective Monday, comes as SICO, which manages more than $7 billion in assets and has a direct presence in Bahrain, Saudi Arabia and the UAE, looks to further expand its footprint in Saudi Arabia.
Mr Haddad brings more than two decades of experience in investment banking, private equity, real estate, and corporate finance to his new role.
Prior to this appointment, he served for 11 years as SICO’s group head of investment banking, where he was instrumental in establishing SICO as a prominent investment bank in Bahrain.
His tenure saw significant growth in the division’s revenues and deal sizes, encompassing notable transactions such as IPOs, debt issuances, M&As, strategic offers, multi-asset fund launches, and the structuring and management of REITs.
Commenting on his new position, Mr Haddad stated his eagerness to lead SICO Capital’s strategy to become a leading independent asset management, brokerage, and investment banking firm in Saudi Arabia.
He highlighted the substantial growth in Saudi Arabia’s capital markets and financial sector, emphasising the company’s commitment to expanding its on-the-ground presence and offering a comprehensive suite of services through its Riyadh-based team, supported by the wider SICO Group.
The board of directors of SICO Capital expressed their pleasure in welcoming Mr Haddad to his new role and conveyed their confidence in his leadership to drive the company’s future growth.
SICO Capital, a full-service investment banking firm based in Riyadh, holds a Saudi Capital Markets Authority licence and offers a wide array of financial services, including asset management, investment banking and brokerage, to individual, institutional and corporate clients.
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